In economics, a factor of production, resource, or input is what is used in a production process to produce products, i.e. goods or services.
The amounts of various inputs used determine the amount of output according to a relationship known as the production function. The relationship between the inputs a firm uses and the maximum output it can produce with those inputs is called the firm's production function. Factors of production are outputs or inputs used to produce goods and services. They are the resources a business needs to make a profit by producing goods and services. Factors of production fall into four categories: Land, Labor, Capital, Entrepreneurship.
Learn more about production here-
brainly.com/question/27028012
#SPJ4
Answer:
net income = $41752
so correct option is A. $41,752
Explanation:
given data
sales price = $481,600
costs price = $379,700
depreciation expense = $32,100
interest paid = $8,400
The tax rate = 32%
to find out
net income did the firm earn for the period
solution
we get here net income that earn for the period is express as
net income = ( sales price - costs price - depreciation expense - interest paid ) × ( 1 - tax rate ) ......................... 1
put here value we get
net income = ( $481,600 - $379,700 - $32,100 - $8,400 ) × ( 1 - 32% )
net income = $41752
so correct option is A. $41,752
It is important to keep the questionnaire really short, probably just one good question or a checkbox list would suffice. Hand out the questionnaire once they buy or rent the cds/dvds at the counter. They shall answer it out while you process the receipt and give change. This should come around smoothly and won't be much of a hassle for the customer.
Answer:
(D) Task specialists keep the group moving toward its objective
Explanation:
- The highest group performance occurs when a highly cohesive group has high-performance norms.
- Group or Teams can be powerfully effective as a building block for organization structure
- A team's purpose should be translated into specific, measurable performance goals.
- The key element of effective teamwork is the commitment to a common purpose.
- Teams are now used by almost all companies to produce goods and services, to manage projects, and to make decisions about running the company.
Hence, the statement in option (D) is correctly fitted.
Answer:
wheat, wheat
Explanation:
In the field of economics, absolute advantage may be defined as the ability of a producer to produce a particular goods or services at large amount or quantity at the same price or the same quantity at a very low price as compared to other producers. It means producing goods efficiently.
Whereas a comparative advantage of a product is defined as the ability of a producer to produce more goods and and consumes less of it at a lower opportunity cost when compared to its competitors.
Thus in the context, Country A has both an absolute advantage as well as comparative advantage in production of wheat.
